India May Get $10-12 Billion As US Processes Trump Tariff Refunds: Report

The report notes that roughly $10-12 billion of the total refunds (over $166 billion) touch Indian goods imported into the US during the tariff period. It explains refunds go to US importers or brokers who paid the duties, not directly to Indian exporters, who may need to negotiate for a share via rebate deals or price renegotiations. It also mentions potential system glitches and that CAPE aims to centralise validations to reduce errors.

Phase 1 deployment of the CAPE platform by CBP marks a milestone for Importers of Record (IORs) and customs brokers in processing IEEPA duty refunds. CAPE enables bulk processing of refund claims, reducing manual, entry-by-entry filings and is expected to accelerate refunds, improve cash flow, and provide procedural clarity.

In February 2026, the US Supreme Court ruled that the tariffs were unconstitutional, effectively voiding them.

In 2025, the US, under President Donald Trump, imposed steep tariffs across a broad range of imports—including many Indian goods—using an emergency power law that did not have clear backing from Congress.